-The Hindu Rural Indians do not seem to have benefitted as much from falling inflation as their urban counterparts. While inflation has been slowing both in rural and urban areas of the country, there is a widening difference between the two as rural inflation is decelerating at a much slower pace. The resultant gap between rural and urban inflation has more than doubled over the last one year, data analysed by HSBC...
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The politics of waste management -Barbara Harriss-White
-The Hindu The production of waste in India is growing at an exponential rate. However, the welfare and dignity of the informal workers involved in the stigmatised sector of waste management remains at the bottom of any government’s political agenda. Human society has always produced waste and always will. Waste materials — substances without value — are constantly generated in all production, all distribution and all consumption processes. The time waste spends...
More »Why FDI data on India is causing confusion -Subodh Varma
-The Times of India A recent report by a data consultancy owned by the Financial Times of London created a stir by estimating that India is now the most favorite destination for foreign direct investment, beating China and the USA. The fine print indicates that they are talking about "estimated capital expenditures" in greenfield, that is, new ventures. By this estimate, India attracted $31 billion compared to China's $28 billion in...
More »Market regulator, central bank move SC on Aadhaar
-Business Standard Seek relaxation of order restricting Aadhaar usage in PDS and LPG subsidies The Securities Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) on Tuesday moved the Supreme Court for modification of the apex court's order on Aadhaar, issued in August. The two regulators sought relaxation of the order, which stated the unique identity card should not be insisted upon except for public distribution scheme (PDS) items...
More »Inflation falls to -4.95%, spurs deflation fears, rate cut hopes -TCA Sharad Raghavan
-The Hindu Overall, industry bodies are positive about the ongoing contraction in inflation, but there is some wariness regarding deflation. Wholesale price inflation contracted for the tenth consecutive month, coming in at -4.95 per cent in August compared to -4.05 per cent in July. This follows Chief Economic Adviser Arvind Subramanian’s comments cautioning that India’s economy could be nearing deflationary territory. The data also comes two weeks before the Reserve Bank of...
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